Singapore's non-oil domestic exports (NODX) surged by 12.4% year-on-year in May of 2022, after a 6.4% rise in April, which was the softest pace in 12 months, and easily beating market consensus of a 7.6% gain. It was the strongest growth in NODX since January, due to higher increases in sales of both electronic and non-electronic products. Sales of non-electronic products rose much faster (12.2% vs 4.6% in April), with non-monetary gold recording the biggest upward contributor (344.4%), followed by measuring instruments (38.0%), and specialised machinery (26.4%). Meanwhile, sales of electronic products accelerated slightly (12.9% vs 12.8%), including ICs (26.6%), parts of ICs (116.3%), and disk media products (10.3). Among trading partners, exports grew to Japan (15.4%), Taiwan (24.7%), Malaysia (27.9%), Indonesia (41.4%), Thailand (28.8%), and China (0.2%), while declined to the US (-9.6%), South Korea (-1.9%), Hong Kong (-5.9%), and the EU (-6.6%). source: Statistics Singapore
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.77 percent from 1977 until 2021, reaching an all time high of 70 percent in February of 1980 and a record low of -34.90 percent in January of 2009. This page includes a chart with historical data for Singapore Domestic Exports of Non Oil (nodx) (%yoy). Singapore Non-oil Domestic Exports (NODX) YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 7.79 percent in 2022, according to our econometric models.